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How Nvidia's AI strengths are enhancing the businesses of Alphabet, Microsoft, Meta, Amazon

·1 min

Nvidia mentioned a host of portfolio tech giants in its post-earnings conference call. Shares of Nvidia surged nearly 15% after the company delivered a strong quarter and guidance. Management pointed to a revolution coming in computing infrastructure and software to power AI, leading to strong demand for Nvidia’s GPUs. Jim Cramer stated that Nvidia is only “scratching the surface” and that major companies and verticals have not considered the company’s AI must-have GPU. Nvidia is helping Meta Platforms, Microsoft, Alphabet, and Amazon in their AI investments. Meta requires intensive AI computing, while Microsoft and Alphabet continue to heavily invest in AI applications. Amazon’s cloud unit also contributed to Nvidia’s top-line growth.